Friday, September 20, 2024

German regulator launches investigation into MarketProTrade scam

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The German regulator BaFin announced yesterday that it is investigating the MarketProTrade (www.marketprotrade.com and www.marketpro-trade.com) broker scam and its operator EmTechvio Pro LLC, registered in St. Vincent and the Grenadines. As a scam supporting payment processor, we have again discovered SecurePaymentGateway (https://securepaymentgateway.io) and Russian BetaTransfer (www.betatransfer.io) through which victims can lose funds via credit and debit cards.

The MarketProTrade scam is available and attacks victims in English, German, Russian, Polish, Spanish, and French. We think that the operators are either Russians or Ukrainians. This is also supported by the fact that the Russian payment processor BetaTransfer is involved. BetaTransfer is officially operated by Vivat Conversion LP, registered in Ireland but is mainly active with the Russian language.

Stay far away from scams like MarketProTrade. You will save yourself from losing your money and having your data stolen and misused.